Passport Capital Lowers stake in CF Industries Holdings (CF)

CF Industries Holdings (CF) : Passport Capital reduced its stake in CF Industries Holdings by 35.24% during the most recent quarter end. The investment management company now holds a total of 7,227,922 shares of CF Industries Holdings which is valued at $161,544,057 after selling 3,933,433 shares in CF Industries Holdings , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.CF Industries Holdings makes up approximately 4.74% of Passport Capital’s portfolio.

Other Hedge Funds, Including , Paloma Partners Management Co boosted its stake in CF in the latest quarter, The investment management firm added 113,122 additional shares and now holds a total of 119,035 shares of CF Industries Holdings which is valued at $2,660,432. CF Industries Holdings makes up approx 0.10% of Paloma Partners Management Co’s portfolio.Van Eck Associates Corp reduced its stake in CF by selling 214,403 shares or 5.21% in the most recent quarter. The Hedge Fund company now holds 3,897,138 shares of CF which is valued at $87,101,034. CF Industries Holdings makes up approx 0.41% of Van Eck Associates Corp’s portfolio. Seven Eight Capital added CF to its portfolio by purchasing 266 company shares during the most recent quarter which is valued at $5,945.First Mercantile Trust Co reduced its stake in CF by selling 1,500 shares or 21.37% in the most recent quarter. The Hedge Fund company now holds 5,520 shares of CF which is valued at $123,372. CF Industries Holdings makes up approx 0.01% of First Mercantile Trust Co’s portfolio.Parkside Financial Bank Trust reduced its stake in CF by selling 21 shares or 47.73% in the most recent quarter. The Hedge Fund company now holds 23 shares of CF which is valued at $564.

CF Industries Holdings closed down -0.4 points or -1.54% at $25.6 with 41,41,140 shares getting traded on Thursday. Post opening the session at $26.11, the shares hit an intraday low of $25.47 and an intraday high of $26.175 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, CF Industries Holdings reported $0.76 EPS for the quarter, missing the analyst consensus estimate by $ -0.10 based on the information available during the earnings call on Feb 17, 2016. Analyst had a consensus of $0.86. The company had revenue of $1115.80 million for the quarter, compared to analysts expectations of $1091.34 million. The company’s revenue was down -8.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $4.82 EPS.

Many Wall Street Analysts have commented on CF Industries Holdings. Shares were Reiterated by Barclays on Aug 18, 2016 to “Overweight” and Lowered the Price Target to $ 25 from a previous price target of $31 .Shares were Reiterated by RBC Capital Mkts on Jul 13, 2016 to “Sector Perform” and Lowered the Price Target to $ 26 from a previous price target of $30 .CF Industries Holdings was Upgraded by Credit Agricole to ” Buy” on Jun 6, 2016.

CF Industries Holdings Inc. is the manufacturer and distributor of nitrogen fertilizer and other nitrogen products. The Company’s nitrogen fertilizer products include ammonia granular urea and urea ammonium nitrate solution (UAN). The Company’s other nitrogen products include ammonium nitrate (AN) diesel exhaust fluid (DEF) urea liquor and aqua ammonia. The Company’s customers include cooperatives independent fertilizer distributors and industrial users. It operates seven nitrogen fertilizer production facilities in North America. The Company owns four production facilities in the Central United States one in Medicine Hat Alberta Canada and one in Courtright Ontario Canada. It also has a 75.3% interest in Terra Nitrogen Company L.P. (TNCLP) and its subsidiary TNLP which owns a nitrogen fertilizer facility in Verdigris Oklahoma.

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